Argentina: Industrial output growth accelerates in November
Industrial production expanded 10.1% year-on-year in November (October: +4.4% yoy). Looking at the details of the release, the reading largely reflected growing output in the manufacture of metal products, automotive and textile products.
On a calendar-adjusted monthly basis, factory output jumped 4.8% in November (October: -5.0% mom). Meanwhile, annual average industrial production growth rose to 15.4% in November (October: +14.9%).